Bengaluru leads office space commitment by corporates in Oct-Mar: Anarock

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Bengaluru leads office space commitment by corporates in Oct-Mar: Anarock - Business Standard

Quick Summary:

Bengaluru has emerged as the frontrunner in attracting corporate office commitments, according to a recent report by real estate consultancy Anarock.

The dwindling supply of Grade A+ office spaces over the past two years has further propelled corporates towards pre-commitment strategies to secure desired locations.

The average pre-commitment deal size in Bengaluru stood at around 0.5 million square feet, higher than Mumbai’s 0.4 million square feet and the NCR’s 0.1 million square feet.